Glossary of Terminology and Definitions from Business and Management

Business Vocabulary – Glossary of Terminology for Business Correspondence Part 5 Process – A method of manufacture or of rendering services. Pilot Plan – A business operated to determine rates to be charged in its industry Probate – Proof established by legal procedures; e.g., probate of a will. Pipeline – Piping over long distance used……

Business Vocabulary – Glossary of Terminology for Business Correspondence Part 4

Glossary of Terminology for Business Correspondence – Business Vocabulary Part 4 Funded Debt – Fund setup for payment of long term indebtedness. Funded Reserve – A reserve for which a fund has been invested to earn income. Factor – Commercial agent who sells or buys goods for others on commission; commission agent. Foreclosure – Transfer……

Business Vocabulary – Glossary of Terminology for Business Correspondence Part-3

Business Vocabulary – Glossary of Terminology for Business correspondence Part-2 Contract – Witnessed agreement, usually in writing, the terms of which are legally enforceable. Comptroller – Auditor with the rank of executive. Contractor – One who specializes in a certain type of work e.g. building contractor. Sub-Contractor – one who performs part of a piece……

Glossary of Terminology for Business correspondence – Business Vocabulary Part-2

Glossary of Terminology and Definitions from Business and Management Part-2 Bill of Lading – Certificate down up and signed by transportation company, enumerating articles being shipped acts as contract and receipt for shipment. Bankruptcy – Condition of a company unable to meet its debts. In Voluntary Bankruptcy, the company petitions to be declared bankrupt in……

Glossary of Terminology for Business Correspondence – Business Vocabulary

Glossary of Terminology and Definitions from Business and Management Account – Right to transact business in a bank by depositing money or its equivalent therein a salesman’s customers business transacted with a firm or an individual right to conduct business with a firm by establishing credit record of business transactions with a firm or an……